Mackal Smith
There is always a way...
I started real estate investing later in life than most I suppose. At 55 I decided I needed to diversify investments and had always wanted to invest in real estate. Starting at this age provided me some distinct advan...
Ricardo R.
Can Sellers back-out after Inspection???
Hi all, I have a question regarding home inspections:1) After placing a property under contract with a signed accepted offer with an inspection contingency. Can the Seller back out the offer if the Buyer asks for an i...
Greg P.
Pay yourself a Salary? Need some advice
Hello, could anyone tell me when you would want to pay yourself a salary? I'm thinking about doing a wholesaling business partnership where we would both get paid salary and 50% of the business. Would this make any ...
Ronald Jones
Single room occupancy (SRO) and/or Supportive Housing
Does anyone have any advice on getting started with small multi-unit investing with the ultimate goal of making the property available to agencies for their clients needing SRO and/or Supportive Housing assistance?
Pat Martin
Rentec and quickbooks question
So Im looking into using a property management software such as Rentec or Buildium. If I do this will I still have to enter everything into Quickbook? If so what is the benefit of the software over just using Qui...
John Newsom
Note business accounting question
First year in note investing and looking forward to end of year accounting. I trying to find a CPA, preferably, in Gainesville, FL area and trying to have some screening questions to ask them.Background: l purchase...
Jerry Poon
I want hear your stories on going in deals with partners, good or bad!
I have a friend who is interested in going into a deal with me. We are similar people, but I have a feeling that mixing business with friendship isn't the best recipe in the long run. What questions should we be askin...
William Coet
Is This Irresponsible or Sophisticated?
Trying to determine if this is reckless or sophisticated investing....The idea is that annual percentage increases and the possibility of rates lowering will allow for positive cashflow.-A property with a 30 year mort...
John S.
Is this the proper way to run a portfolio with multiple LLC's?
Hello everyone,
I'm a single investor with no partners.
I started by placing my 1st rental property into an LLC (for this example, *JOHN SMITH PROPERTY INVESTMENT, LLC*).
I just purchased a 2nd rental property l...
Jesse Smith
Lead Paint Test - Inconclusive
I purchased a lead test kit from Lowes to test for lead-based paint on the exterior of a property. This one is badly in need of a strip & re-paint. I know the process is significantly more intense if the current...